Skip to main content

FBR chief prods collectors to fetch Rs 300bn



Dr Muhammad Irshad, Secretary Revenue Division/ Chairman Federal Board of Revenue (FBR), Wednesday directed chief collectors and collectors of customs to play their due role in generating revenue to the tune of Rs200 billion to Rs300 billion in the remaining period of 2016-17.

Sources told that during the videoconferencing of the chairman FBR with the customs officials in the field formations, chief collectors and collectors of Customs highly appreciated the government’s decision to appoint chairman FBR within the tax machinery. The chief collectors and collectors of Customs collectively termed the decision as a motivation for the entire customs workforce to work with full zeal and zest.

The chief collectors and collectors of Customs also showed their commitment to work under the leadership of Dr Muhammad Irshad. They also assured the tax authorities that they would cross the assigned revenue collection targets for the Model Customs Collectorates (MCCs) set for 2016-17.

Dr Muhammad Irshad was confident that the entire customs workface would try its level best in maintaining momentum of achieving targets and also help in generating revenue between Rs200 billion to Rs300 billion during 2016-17.

Dr Muhammad Irshad further directed the chief collectors and collectors of Customs to give priority to honesty, integrity and facilitation while doing their day to day jobs in the field formations. He assured that the issues of the customs department including resources, funds and promotions would be dully resolved.

The chairman FBR also assured the customs machinery that the issue of funds would be resolved on top priority basis. Some collectors pointed out shortage of anti-smuggling staff in the field formations. The chairman FBR endorsed the proposal of the collector of customs Peshawar to create a separate Preventive Collectorate in Peshawar.

Tax authorities also assured the customs department that the FBR will resolve all issues
highlighted by the customs officials during the videoconferencing, sources added.

Comments

Popular posts from this blog

FBR will examine transaction records of commercial importers as they are no more under Final Tax Regime (FTR), (CCIR) (RTO-II) Karachi

Mr. Badaruddin Ahmed Qureshi, Chief Commissioner Inland Revenue (CCIR), Regional Tax Office (RTO)-II Karachi, while addressing a seminar on ‘Minimum Tax Implications After the Finance Act, 2019’ organized by Karachi Tax Bar Association (KTBA) on Thursday, said that minimum tax was introduced through Finance Act, 2019 with objectives of documentation of economy and realizing actual potential of tax revenue. He said that previously commercial importers were liable to discharge their liability under the FTR and further they were not required to provide any record. However, with the introduction of minimum tax the commercial importers will be required to provide details of all their goods declaration filed for clearance of their consignments. Previously, FTR was available to persons such as commercial importers, commercial suppliers of goods, contractors, persons deriving brokerage or commission income and persons earning income from CNG stations. The tax collected or deducted from thes...

The Federal Tax Ombudsman (FTO) asks FBR to restrain IRS Audit Cadre officers

FTO has directed the Federal Board of Revenue (FBR) to bar the officers of Audit Cadre in Inland Revenue Service (IRS) from assigning assessment-related functions/duties and withdraw a penalty order against tier-1 retailers. Briefly, the Complainant, an individual falling under Tier-I Retailer, is aggrieved against impugned 0I0 No.413 of 2021 passed by Inland Revenue Audit Officer (IRAO) Enforcement-II, CTO Karachi allegedly imposing penalty of Rs1,000,000 on account of non-integration with POS without lawful authority and beyond his jurisdiction. As per complaint, the said Officer did not have any authority to issue the impugned order of penalty in view of Sindh High Court decision wherein the High Court confirmed the administrative decision of the FBR that the Officers of Audit Cadre in IRS shall not be posted as Unit Incharge in field formations and shall not be assigned assessment related functions and duties. In addition, Lahore High Court in case of Shahbaz Hussain Vs Federation ...

TAX NEWS FEBRUARY 02, 2017

1.       Excise department asks Uber, Careem to share vehicle data Feb 2nd, 2017 As news circulated on Tuesday of a move by the Punjab government to ban ride-hailing services Careem and Uber, the Directorate of Excise, Taxation and Narcotics Control issued a notification requesting both organisations to share data on vehicles using their company's platforms. A notification sent to both companies observed that a number of private vehicles registered with the Motor Registering Authority were rendering services on a commercial basis under Careem and Uber. It went on to request both companies to share data of vehicles that operate under their banner. Yesterday, hours after an internal memo termed the operations of Uber and Careem "illegal", Chairman of the Punjab IT board Umar Saif said the approach is being "reviewed". "This is being reviewed within the government," Saif told in a telephone interview, when asked if the companies will b...